Segal arguments delayed again

June 08, 2004

CHICAGO — Closing arguments in the fraud trial of insurance executive Michael Segal have been delayed again, this time because Chicago's federal courthouse will be closed Friday in honor of former President Ronald Reagan's funeral.

Even though testimony ended May 27, closing arguments were originally delayed until Thursday and Friday of this week because of scheduling conflicts by U.S. District Judge Ruben Castillo, who is presiding over the trial.

Closing arguments are now scheduled to begin Monday.

Segal and his company, Near North Insurance Brokerage, are on trial in connection with the theft of more than $20 million from a premium trust fund that by law must be held in reserve for insurance carriers.